A head start in Spanish equities
Also available in Spanish, see next article.
First of all, let’s be clear. The following is not investment research/advice.?And, as such, it involves no investment recommendations. These are notes I take to keep myself current on newsflow regarding Spanish equities. I share them freely (and not just as regards price). As always, I am only trying to help. Please read the rest of the “discomplainer (*)” at the end of the article.
Stories in alphabetical order
ACS?(=) ACS’ subsidiary Turner repeats ranking as the largest builder in the US (Cinco Dias p12)
Aena?(+/=) Receives bids for its handling contract with discounts of 40-50% on the starting price from foreign groups (El Economista p5)
Banks sector??(=) The Governor of Bank of Spain reaffirms that rates have peaked in Europe (Expansion p22)
Investment Strategy??(+) The Ibex index rises 1.24% to 9,645 due to the banks (Expansion p23)
(=) The Fed pauses its rate rises but anticipates high rates for longer (Cinco Dias p16)
(=) The Madrid region captures €7.6bn in foreign investment through June and Catalonia €800m Expansion p28)
(=) The Employers’ Federation will appeal against the obligation of a six-month pre-warning in mass layoffs (Expansion p31)
(=) The Tax on the Rich joins the ranks of the Google and Tobin taxes and does not even collect half the amount expected by the Tax Authority (El Espa?ol)
Macro?(-/=) The number of housing transactions registered in July fell 10.5% YoY (National Statistics Institute)
Real Estate sector?(-/=) Real Estate companies warn of a potential investor flight due to the effects of the new Housing Law (Expansion p12)
Utilities & Ren sector??(=) Endesa, Iberdrola and EDP call for greater investment in networks (Expansion p6)
*The above information has been read/understood/summarised/evaluated/copied as well as I could to provide a guide to Spanish equities (as part of a personal research project on the impact of information transparency on the market i.e. “derecho de cita”), given available timing/intellectual constraints, and I accept no liability for misreading and/or mistranslating the original copy (which I urge you to check, as I am only trying to point you in the right direction, I hope). As for what you may decide to do, after reading the above, please contact your legally approved provider of investment advice on Spanish equities. Feel free to copy (but remember to check the original first).